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Maruti Suzuki financial results 2011-12

New Delhi, 28th April, 2012; The Board of Directors of Maruti Suzuki India Limited approved the financial results for the quarter ending March 31, 2012 and for the full year 2011-12 here today.

Quarter 4 2011-12

Q4 2011-12

Q4 2010-11

% change

Net Sales

Rs. 114,864 Mn

Rs 97,967 Mn

Up by 17.2%

Net Profit

Rs. 6,398 Mn

Rs. 6,599 Mn

Up by 17.2%

Total Volume

360,334 nos

343,340 nos

Up by 4.9%

During the Quarter, the Company sold a total of 360,334 units as compared to 343,340 units in the same period previous year reflecting a growth of 4.9 per cent.

While adverse currency movements made a significant impact during the Quarter, the Company was able to largely offset it through localization and internal cost control.

Financial Year 2011-12

2011-12

2010-11

% change

Net Sales

Rs. 347,059 Mn

Rs. 358,490 Mn

Down by 3.2%

Net Profit

Rs. 16,351 Mn

Rs. 22,887 Mn

Down by 28.6%

Total Volume

1,133,695 nos

1,271,005 nos

Down by 10.8%

Domestic

1,006,316 nos

1,132,739 nos

Down by 11.2%

Exports

127,379 nos

138,266 nos

Down by 7.9%

For the year, the Company¿s bottomline was impacted by adverse currency movement and increased commodity prices. The overall slowdown in the car market, including the skew towards diesel cars, also affected performance.

Dividend maintained at 150 per cent

The Board of Directors recommended a dividend of 150 per cent (Rs 7.50 per share of face value Rs. 5/-) for 2011-12. The dividend in 2010-11 was also at 150 per cent.